Terra Capital (TCA)

Sector:

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$ 1.00
   
  • Change Today:
    $0.00
  • 52 Week High: $1.0
  • 52 Week Low: $0.9
  • Currency: US Dollars
  • Shares Issued: 22.13m
  • Volume: 0
  • Market Cap: $22.13m

Terra Capital NAV improves as profit soars

By Josh White

Date: Monday 19 Sep 2016

LONDON (ShareCast) - (ShareCast News) - Value opportunities investor Terra Capital posted its interim results for the six months to 30 June on Monday, with a net asset value of $0.939, against $0.925 at the end of 2015.
The AIM-traded company said that, when taking in to account the dividend of 3.24 cents per share paid in February, the NAV represented a total return for the six month period of 5.02%.

"This return of 5.02% compares favourably to the MSCI Frontier Markets Index, which declined by 0.13% since 31 December 2015, and continues to demonstrate the benefits of the investment manager's value based approach," said Terra Capital chairman Dirk Van den Broeck.

The company's portfolio holdings at period end comprised 65 positions with exposure to 27 currencies, with the board reporting it as "performing well" on both an absolute basis and a relative basis.

"In accordance with the dividend policy we announced in late 2013 we have paid a dividend of 3.24 cents per share in February 2016 based on our income in 2015," Van den Broeck said.

"This represented a dividend yield at the time of declaration of 3.5% on net asset value and 3.9% on the closing middle market price."

The company's profit before tax improved markedly during the period, to $3.19m from $1.75m in the six months to 30 June 2015.

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Terra Capital Market Data

Currency US Dollars
Share Price $ 1.00
Change Today $ 0.00
% Change 0.00 %
52 Week High $1.0
52 Week Low $0.9
Volume 0
Shares Issued 22.13m
Market Cap $22.13m

Terra Capital Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.55% above the market average32.55% above the market average32.55% above the market average32.55% above the market average32.55% above the market average
71.60% above the sector average71.60% above the sector average71.60% above the sector average71.60% above the sector average71.60% above the sector average
Price Trend
62.65% above the market average62.65% above the market average62.65% above the market average62.65% above the market average62.65% above the market average
63.54% above the sector average63.54% above the sector average63.54% above the sector average63.54% above the sector average63.54% above the sector average
Income Not Available
Growth
49.73% below the market average49.73% below the market average49.73% below the market average49.73% below the market average49.73% below the market average
13.53% below the sector average13.53% below the sector average13.53% below the sector average13.53% below the sector average13.53% below the sector average

Terra Capital Dividends

  Latest Previous
  Final Final
Ex-Div 04-Feb-16 05-Feb-15
Paid 29-Feb-16 27-Feb-15
Amount 3.24¢ 3.72¢

Trades for --2018

Time Volume / Share Price
0 @ $0.00

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